World Economy Headed For A Recession In 2023

Recession is a very weak word to describe what we will be saddled with for the next decade. Europe has already contracted the Japanese disease. Forget about any form of growth – some countries will be glorified tourist destinations making Europe one giant museum and nature resort but in terms of industry, it’s pretty much done. There will be a new industrial base around the Black Sea as there is plenty of O&G (conventional and shale) there and they will need a lot of reconstruction after the war. North America will still thrive but there will be pockets of misery and China will become the sickest economy we have ever seen. 

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